International Training Programme ¡®FUEL OIL & BUNKER TRADING¡¯ will take place on 2-3 of August 2007, in Singapore, at Pan Pacific Singapore Hotel.

The programme is highly recommended for managers working in oil/petroleum products trading, refining, logistics, bunkering and shipping companies. The course will cover the following issues in detail:

• Asia Pacific fuel oil supplies ¨C overview, growth and supply challenges
• Key characteristics of bunker residue and distillate fuels. Blending issues
• Freight costs, contract issues and negotiations
• Marpol Annex VI ¨C Implementation. Implications for EU/ Asia Pacific international fuel oil trading
• Fuel oil pricing and bunker components¡¯ costs. The importance of regional market values based on refining economics and location
• Price risk management of cargo sales/purchasing, bunker sales (retail) and inventory (stock), including hedging in the absence of liquid futures markets

For more information on the programme, lecturers and participation fees please follow the link  Programs of Seminars.

The course has already earned recognition in Europe and Russia. Please find below the testimonials of the previous participants.

James Chwu, Trader, PetroChina International (London) Co Ltd: I certainly enjoyed doing the class.  Vostock Capital team has done a wonderful job. We had a good mix of classmates of different backgrounds and I do intend to stay in touch with most of them and hopefully to doing some business together. I would certainly recommend this course to other colleagues of mine in future.

Andrey Cherepakhin, Senior Trader, TNK-BP: Thank you for the perfect organization of the workshop and the very high level of presentation material. I liked it very much and believe it will contribute to my skills and experience. Hope to attend more seminars organized by your company in the future and will advise to my colleagues to attend your various seminars and workshops.

Alexey Stepanov, Department Head, Lukoil: I must say the seminar was worthwhile.The event has been organized to the highest level of standard. Thank you.